MIRA INFORM REPORT

 

 

Report No. :

325405

Report Date :

06.06.2015

 

IDENTIFICATION DETAILS

 

Name :

JOHANNES FETSCH, CHRISTIAN SCHWEIGERT

 

 

Registered Office :

Scharrerstr. 5 D 90478 Nürnberg

 

 

Country :

Germany

 

 

Date of Incorporation :

01.09.2002

 

 

Legal Form :

Partnership under the Civil Code

 

 

Line of Business :

Retail sale of computers, peripheral units and software

 

 

No. of Employees :

13

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Poor

 

 

Payment Behaviour :

Slow and Delayed

 

 

Litigation :

--

 

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

GERMANY - ECONOMIC OVERVIEW

 

The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 5.3% in 2014. The new German government introduced a minimum wage of about $11.60 (8.50 euros) per hour to take effect in 2015. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's total budget deficit - including federal, state, and municipal - to 4.1% in 2010, but slower spending and higher tax revenues reduced the deficit to 0.8% in 2011 and in 2012 Germany reached a budget surplus of 0.1%. The budget was essentially in balance in 2014. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016 though the target was already reached in 2012. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela MERKEL announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany plans to replace nuclear power with renewable energy, which accounts for 34% of total energy consumption, up from 9% in 2000. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its electricity generating capacity and 46% of its base-load electricity production.

 

 

Source : CIA

Company name and address

 

JOHANNES FETSCH, CHRISTIAN SCHWEIGERT

 

Scharrerstr. 5

D 90478 Nürnberg

Telephone:0911/93757-90

Telefax:  0911/93757-92

Homepage: www.jetpcs.de

E-mail:   info@jetpcs.de

 

 Trade name:          Jet Pcs GbR

 

 

Company Status

 

Active

 

 

VAT no.

 

DE229396653

 

 

Tax ID number

 

240/176/60302

 

 

CONCLUSION

 

 Business relations on credit basis are not permissible.

 

 

Company summary

 

 LEGAL FORM           Partnership under the Civil Code

 Date of foundation:  01.09.2002

 

 General partner:

                      Johannes Fetsch

                      Hans-Fallada-Str. 137

                      D 90471 Nürnberg

                      born: 05.10.1966

                      Profession: software engineer

                      Marital status: single

     Negative remark(s) regarding

                      Johannes Fetsch

                      Satisf.creditor exluded ZPO:

                      Amount                last entry:

                          3                 14.10.2014

                      Detention warrant:

                      Amount                last entry:

                          2                 21.08.2012

 General partner:

                      Christian Schweigert

                      D 90409 Nürnberg

                      born: 29.10.1971

                      Profession: Businessman

 

 Further functions/participations of Johannes Fetsch (General

 partner)

 Manager:

                      EWROTEH GmbH

                      Scharrerstr. 5

                      D 90478 Nürnberg

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         26.04.2007

                      Reg. data:  90402 Nürnberg, HRB 23409

 

 

COMPANY HISTORY

 

 01.09.2002 - 2005        Johannes Fetsch und Christian Schweigert

                          Maxfeldstr. 49

                          D 90409 Nürnberg

                          Partnership under the Civil Code

 06.02.2007 - 15.02.2008  Johannes Fetsch und Christian Schweigert

                          Scharrerstr. 5

                          D 90478 Nürnberg

                          Partnership under the Civil Code

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 4741    Retail sale of computers, peripheral units and software

 

 

FINANCIAL INFORMATION

 

Payment experience:  negative information

 

 Negative information: Negative information is known to us.

 

Non-disc. of asset pos. ZPO:

                      Amount      last entry:

                          3       17.06.2014

 

 

REAL ESTATE

 

Type of ownership:   Tenant

 Address              Scharrerstr. 5

                      D 90478 Nürnberg

 

 Land register documents were not available.

 

 

BANKERS

 

A bank connection is unknown

 

 

FINANCIAL FIGURES

 

Financial year:                                                                           01.01. - 31.12.

 Turnover:            2014                                                              *EUR          1,350,000.00

 Equipment:                                                                              EUR             45,000.00

 Ac/ts receivable:                                                                      EUR            120,000.00

 Liabilities:                                                                                EUR             65,000.00

 Total numbers of vehicles:                                                                                4

 - Lorries:                                                                                                          1

 - Passenger cars:                                                                                                         3

 Employees:                                                                                                                 13

 - thereof permanent staff:                                                                                 7

 - Part-time employees:                                                                                      2

 - Trainees:                                                                                                        2

 - Temporary workers:                                                                                        2

 

 The business figures marked with an asterisk are estimates based on average values in the line of business.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.90

UK Pound

1

Rs.97.97

Euro

1

Rs.71.82

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

VNT

 

               

RATING EXPLANATIONS

 

RATING

STATUS

PROPOSED CREDIT LINE

 

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

 

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

 

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

 

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

 

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

 

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

 

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

Credit not recommended

 

--

NB

New Business

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.
 
 


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